Bengaluru: ED arrests 4 in cyber investment 'scam' linked money laundering case
Bengaluru: ED arrests 4 in cyber investment 'scam' linked money laundering case
NEW DELHI: The Enforcement Directorate has arrested four persons in Bengaluru under the anti-money laundering law PMLA for allegedly duping people in the name of investing in stock markets using some fraudulent mobile phone apps.
Shashi Kumar M, 25, Sachin M, 26, and Kiran S K, 25, were arrested on August 15 while Charan Raj C, 26, was taken into custody on August 21, the agency said in a statement on Monday.
All four were involved in the incorporation of companies and opening of bank accounts through which proceeds of crime generated from the alleged cyber scam were laundered, it said.
